New York Laws
Title 6-B - Clifton Park Water Authority
1120-U - Town May Levy Tax Within District.

§ 1120-u. Town may levy tax within district. Should it appear to the
town board at any time that the revenue of the authority is or will be
insufficient to provide for the payment of any bonds issued under this
title and to reimburse the town for any moneys that it may have advanced
to the authority, the town board shall determine the amount of money
necessary to be raised for such purpose, and shall levy a tax on the
territory of the district located within the town and upon the several
parcels of real estate in the district located within the town in an
amount sufficient to produce the amount necessary to be raised as
aforesaid; provided that such tax shall not be levied to pay any bonds
of the authority unless the authority with the consent of the town board
has pledged such tax prior to the issuance of such bonds. Such tax shall
be levied and apportioned upon such territory located within the town
and collected from the several parcels of real estate in the district
located within the town in like manner as other town taxes. It is hereby
determined that the liability imposed upon the territory included in the
district located within the town is based upon the special benefit to
such territory accruing under this title and that the tax to be levied
because of such liability and in proportion to the taxable value of real
estate in such territory will be in proportion to such benefits.

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